Polo Resources Limited acquire remaining interest in Nimini Holdings Limited

14 December 2011

Kerman & Co advised Polo Resources Limited on their acquisition of a TSX-V listed AXMIN Inc.’s 49% interest in Nimini Holdings Limited (“Nimini”) for a cash consideration of US$9 million.

On 29 September 2011 we announced that Polo completed its acquisition of a 51% interest in Nimini and upon completion of this acquisition, the company owns a 100% interest in Nimini’s three gold exploration licences in Sierra Leone. Executive Co-Chairman of Polo, Neil Herbert commented:
“These gold projects continue to indicate they have substantial resource upside potential. This is yet another project to which Polo can add value whilst delivering investment returns for our shareholders.”

Michael Corcoran and Asad Qayyum from the Corporate department advised Polo Resources Limited on this transaction.